March 1, 2019, Dorchester Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% completed as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in the ending WIP inventory and were 60% completed as to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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March 1, 2019, Dorchester Company's beginning work in process
inventory had 10,000 units. This is its only production department.
Beginning WIP units were 50% completed as to conversion costs.
Dorchester introduces direct materials at the beginning of the
production process. During March, all beginning WIP was completed
and an additional 12,500 units were started and completed. Dorchester
also started but did not complete 5,500 units. These units remained in
the ending WIP inventory and were 60% completed as to conversion
costs. Dorchester uses the weighted average method.
Use this information to determine for March 2019 the equivalent
units of production for conversion costs.
Transcribed Image Text:March 1, 2019, Dorchester Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% completed as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in the ending WIP inventory and were 60% completed as to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
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